Larsen & Toubro wins EPC job on Vizag plant

Larsen & Toubro and its international consortium partner, Paul Wurth Italia, has bagged a US $316.9 million (INR13.9 billion) EPC package for the expansion of the Vizag Steel Plant on behalf of Rashtriya Ispat Nigam Ltd (RINL).

Larsen & Toubro and its international consortium partner, Paul Wurth Italia, has bagged a US $316.9 million (INR13.9 billion) EPC package for the expansion of the Vizag Steel Plant on behalf of Rashtriya Ispat Nigam Ltd (RINL).

The contract is the one of the largest single-value EPC orders by a client in India and was won against stiff international competition from Chinese, Korean and Russian firms.

RINL invited bids for installation of a third new blast furnace to double its capacity to 6.5 million tonnes per annum (MTPA) of hot metal from the present level of 3.2MTPA. The expansion is in line with India's National Steel Policy, which envisages production of steel reaching 110MTPA by 2020.

The 3,800m3 blast furnace will have a capacity of 2.5 million tonnes of hot metal a year, making it the second biggest blast furnace in India. Construction is scheduled for completion within 30 months.

L&T's contract share in the project is around $183.3 million. The company's scope of work includes complete detailed engineering, indigenous manufacturing and supply of equipment, as well as complete site services including the civil and structural works and erection of equipment. Paul Wurth Italia will supply process engineering and specialised supervision.

The consortium is currently executing a similar sized blast furnace order for Tata Steel in Jamshedpur.

Larsen & Toubro is a technology-driven engineering and construction organisation, and one of the largest companies in India's private sector. It has additional interests in manufacturing, services and IT.

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